"I honestly don’t think this stuff matters much. There’s honestly a part of me that would be happier if institutional trading of cryptocurrencies did not happen at all for another five years," Buterin said. "Ultimately if all that cryptocurrency is, is this thing that millionaires keep buying and selling to each other, then what have we really accomplished?"
Ether may fall further to a support target of $155 as it faces increasing competition, market volatility and a maturing industry, according to a Sept. 7 forecast from Bloomberg Intelligence commodity strategist Mike McGlone. That’s still about a 2,000 percent advance from the end of 2016.
This article was provided by Bloomberg News.